I should have made this point, too: Our failure to congestion price our roads really screws up our decisions on increasing capacity.
When roads are congestion-priced, the revenue tells us when we need more capacity. On this, see this (pdf):
One important feature of congestion prices is that they not only discourage usage when congestion is present, but they also generate revenue for capacity expansion. Indeed, it has long been recognized that under certain conditions the optimal congestion prices...
Congestion tolls vs. revenue tolls
I think one thing that confuses people about my support for congestion pricing is that they're not clear what I mean by "congestion pricing." There are two kinds of road tolls. One...
I forgot about Cap Metro's interests
Last week, I concluded that the plan to add two tolled lanes to MoPac would make everyone better off than either maintaining the status quo or adding two free lanes. But it occurred to me...
Congestion, envy and equity
The Central Texas Regional Mobility Authority plans to add two lanes to MoPac between Lady Bird Lake and Parmer Lane. The cool part of the plan is that it intends to use dynamic...
No
I agree with Ryan Avent that this WSJ piece makes a bizarre argument against congestion pricing: By requiring car drivers to pay a fee to drive in a city at peak hours, congestion pricing...
No
I agree with Ryan Avent that this WSJ piece makes a bizarre argument against congestion pricing: By requiring car drivers to pay a fee to drive in a city at peak hours, congestion pricing...
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